Germany must contain growing state deficit, economic council says

Germany's Council of Economic Experts ​has warned that Berlin needs ​to rein in an ‌increase ​in spending on defence and retirement benefits to get runaway deficits under control.

The panel of independent advisors ‌to Germany's lawmakers and branches of government said in its main annual report on Wednesday there will be a growing gap in the federal budget ‌that will require even more debt or austerity measures.